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ECB policymakers aim to put off substantial discussion of next move until well into 2018 - RTS sources
ECB policymakers aim to put off substantial discussion of next move until well into 2018 - RTS sources.
— DailyFX Team Live (@DailyFXTeam) November 22, 2017
Added at 7:37am
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ECB hopes to go into policy hibernation, sources say
The European Central Bank will reaffirm its policy stance at its December meeting, and rate-setters hope to put off debate on new moves until well into next year, five sources with direct knowledge of the discussion told Reuters. After buying 2.2 trillion euros ($2.59 trillion) worth of bonds since March 2015, the ECB decided in October to cut monthly purchases in half, reflecting the euro zone's best economic performance in a decade. But it also extended the scheme by nine months, since inflation is still barely rising. The complex set of decisions pushed out any prospect of a rate increase until 2019, and the ... (full story)